Plan Snapshot
- Plan Sponsor: Sandia Area Federal Credit Union
- Sponsor EIN: 850128861
- Sponsor Address: PO BOX 18044, ALBUQUERQUE, NM, 871850044
- Plan Type: 401(k)
- Total Participants: 182
- Total Assets: $6.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 182 | $6.5M | $384,417 | $570,379 |
| 2023 | 166 | $6.3M | $306,511 | $487,365 |
| 2022 | 142 | $5.1M | $277,987 | $478,782 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SINGERLEWAK, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SINGERLEWAK, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $27,685 | $5,269 | $19,782 | — | — |
| 2023 | $22,816 | $4,248 | $16,444 | — | — |
| 2022 | $21,230 | $3,978 | $17,252 | — | — |